US stocks closed with Coreweave down over 15% and SK Hynix down over 6%

Odaily News: According to MSX.COM data, U.S. stocks closed with popular tech stocks broadly declining, as the storage and semiconductor sectors fell across the board. The Philadelphia Semiconductor Index dropped 4.3%, marking a sixth consecutive decline for chip stocks and the longest losing streak since May 2025. AI cloud service provider Coreweave plunged over 15%, SK Hynix fell over 6%, SanDisk dropped over 5%, while Seagate Technology, Western Digital, and Micron Technology each fell over 4%. Nvidia, Broadcom, and Meta declined over 3%, Tesla dropped over 2%, and Google, Microsoft, and Amazon each fell over 1%. Apple bucked the trend with a 0.5% gain, closing with a market capitalization of $5 trillion, becoming the second publicly traded company after Nvidia to surpass a $5 trillion valuation.

Precious metals, computer hardware, and crypto mining companies were among the biggest decliners, with Dell Technologies down over 11%, U.S. Gold Corp and Quantum down over 10%, Super Micro Computer down over 8%, and Coinbase and Pan American Silver down nearly 5%. Oil and gas, weight-loss drugs, and food and beverage sectors led the gains, with Eli Lilly, Roche, and Amgen up over 3%, and Chevron and Exxon Mobil up over 1%.